Taking advantage of the significant flexibility in our portfolio, our exploration strategy focuses on lower-cost onshore potential within our existing KRI and Africa licences. Adding resource through exploration remains a key objective for Genel and we will continue to add new opportunities where appropriate.

Seismic acquisition commenced in Somaliland in March 2017, and a farm-out process is ongoing regarding the Moroccan Sidi Moussa licence as part of Genel's portfolio management activities. In the Kurdistan Region of Iraq, appraisal wells will help refine the volumes of discoveries and potential developments in a number of our licence areas.